We have been following the ICBC public offering for some time, and it’s every bit the blockbuster that it appeared. The book was oversubscribed over 17x, via WSJ:

The initial public offering of Industrial & Commercial Bank of China Ltd., or ICBC — the world’s biggest IPO, which will start trading Oct. 27 — attracted $350 billion of demand from global investors, more than any other offering in Hong Kong’s history. The domestic portion of the stock sale drew $80 billion. All that for a $21.9 billion deal….

It’s all up, up, up! The good times are never ever going to end in China. We guarantee it.

This entry was posted on Sunday, October 22nd, 2006 at 11:54 am and is filed under business, China, General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.